Conference Agenda: MiFID 2, MiFIR, CRD-IV, Basel iii, Clearing House Risk and more

08:30 REGISTRATION AND COFFEE IN THE EXHIBITION AREA REGISTRATION AND COFFEE IN THE EXHIBITION AREA

08:50 Chair’s opening remarks Chair’s opening remarks

09:00 *Opening keynote address* : Crucial EU Legislative reform update for OTC derivatives to enable you to confidently plan your next steps to achieve compliance Identifying which parts of your business will be affected by which rules: EMIR: Clearing obligation, reporting obligation, risk management arrangements for non-cleared trades MiFIR: Trading obligation CRD IV: Capital requirements for cleared and non-cleared trades Addressing the complexities around third countries and global consistency: Progress made to date and limitations Status update on rule-making (ESA technical standards):

09:30 Regulatory Keynote panel: Untangling the intersection of multiple complex regulations to understand how they interact to impact your processes Progress made in extraterritoriality: Do we have more clarity on when a European counterpart trading with a US counterpart gets caught up by Dodd Franks global reach Assessing regulatory arbitrage opportunities: As US, Europe, and Asia regulators progress at a different pace, at which point do we expect capital flows and trading behaviour to alter- is this already happening? Supervision of CCPs: The way in which regulators and supervisors are ensuring CCPS deliver the safety desired and avoid a ‘race to the bottom’- assessing the risk of pushing illiquid products into CCPs

10:30 MORNING BREAK AND NETWORKING IN THE EXHIBITION AREA MORNING BREAK AND NETWORKING IN THE EXHIBITION AREA

11:00 Industry keynote address Navigating your way through the regulatory landscape with a futuristic view on key trends shaping the industryIn this session a leading derivatives service provider will highlight the practical challenges fi rms face as they prepare for OTC derivatives reforms. This will include a clear indication of the way you will need to adapt your trading/clearing/reporting processes to achieve compliance, and stay ahead of trends expected to influence the industry.

11:30 Market structure panel Confronting the consequences of the regulatory storm on derivatives market structure G20 commitments for OTC derivatives increasing importance of CCPs- challenges around the supervision, resolution, and in particular pointing out the cross border issues With SEFS being proposed in the US and OTFs in Europe: Who are the likely leading contenders, and how many is there room for in the market? Interoperability being the holy grail: Assessing the potential to ofer interoperability in derivatives and assessing the real benefits and risks

12:30 LUNCH AND NETWORKING IN THE EXHIBITION AREA LUNCH AND NETWORKING IN THE EXHIBITION AREA

13:30 Execution landscape panel Jeremy Bezant, Head of Asset Allocation, TCF Investment Yann L’Huillier, CTO, Tradition Jane Lowe, Director, Markets, Investment Management Association Getting your front office prepared for the push towards OTFs Lesson fi rms in Europe can learn on the OTF front from the practical implementation of SEFs in the US Practicalities for establishing trade connectivity to multiple electronic platforms, and putting into place pre and post trade reporting capabilities Will central clearing have an impact on best execution?: As clearing costs, and margin requirements are factors considered at the point of trade Jeremy Bezant Head of Asset Allocation, TCF Investment Dr. Jeremy Bezant is an independent buy-side consultant and works with fund management firms and market participants focussing on trading of derivatives and related instruments. Previously he was Head of Business Management in the Investment Team at Aviva Investors (formerly Morley Fund Management). There he was Global Head of Derivatives and also responsible for the management and strategic devel [read more] Yann L’Huillier CTO, Tradition Yann is the CFT Group Chief Information Officer since April 2010, in his capacity he oversees the Group IT Strategy, development, deployment and support of current and new technology. Before taking his role at CFT, he led the development, integration and technological deployment of the Turquoise's trading platform. From 2003 to 2007 he was the CIO of the Boston Stock Exchange where he oversaw trad [read more] Jane Lowe Director, Markets, Investment Management Association Jane Lowe is Director, Markets, for the Investment Management Association, where she lobbies on behalf of asset managers. From 1995 to 2002 she worked at the Financial Services Authority as a markets regulator with responsibility for regulating the London Stock Exchange, the derivatives exchanges and clearing houses. Prior to that, she worked for 15 years in the City, for ED&F Man [read more]

14:15 Clearing landscape panel Jeremy Bezant, Head of Asset Allocation, TCF Investment A 360 view on how ready the industry is to achieve operational readiness for OTC clearing compliance Update on the push to standardise legal documentation: Tips for documenting cleared and non cleared trades, and dealing with the negotiation process Benchmarking how ready the small vs. larger buyside fi rms are, and if the clearing brokers and clearing houses will be able to take on their contracts and clear all assets in time The developments clearing houses have in the pipeline across asset classes Jeremy Bezant Head of Asset Allocation, TCF Investment Dr. Jeremy Bezant is an independent buy-side consultant and works with fund management firms and market participants focussing on trading of derivatives and related instruments. Previously he was Head of Business Management in the Investment Team at Aviva Investors (formerly Morley Fund Management). There he was Global Head of Derivatives and also responsible for the management and strategic devel [read more]

15:00 AFTERNOON BREAK AND NETWORKING IN THE EXHIBITION AREA AFTERNOON BREAK AND NETWORKING IN THE EXHIBITION AREA

15:30 Collateral management panel: Matthias Graulich, Executive Director, Head of Clearing Initiatives, Eurex Alex McDonald, CEO, The Wholesale Markets Brokers’ Association Addressing asset segregation issues and the need to be cash rich The asset segregation models firms should favour: Why should clearing brokers and clearing houses offer segregation to clients Ways clearing houses are assisting with the possible ways of segregation and opportunities for tri-party relations The collateral systems that can help handle the complexity of managing cleared and non cleared contracts Matthias Graulich Executive Director, Head of Clearing Initiatives, Eurex Matthias Graulich was named an Executive Director at Eurex in 2007. He is currently heading the Clearing Initiatives section and leading EurexOTC Clear for Interest Rate Swaps. Before that he was responsible for the implementation of Eurex Credit Clear – Eurex Clearing’s OTC clearing service for Credit Default Swaps. Since joining the Deutsche Börse Group in 2001, he has held a number of leadershi [read more] Alex McDonald CEO, The Wholesale Markets Brokers’ Association Alex McDonald has been CEO of Wholesale Market Brokers Association (“WMBA”) since 2009. WMBA member firms are global Wholesale Market Brokers providing, inter-alia, OTC intermediation services in the cash and derivative Rate, Credit, Foreign Exchange, Equity and Commodity marketplaces. Our members collectively have a physical presence in all major financial capitals globally as well as many second [read more]

16:15 Crystal ball panel: Bill Hodgson, Owner, The OTC Space Alex McDonald, CEO, The Wholesale Markets Brokers’ Association David Murphy, Derivatives and Financial Stability Expert, rivast consulting A look into the future of the industry: Scenario analysis of future risks and opportunities Clearing house contagion risk: What if a clearing house fails as they are asked to manage diffi cult products?: How will the losses be allocated in such an extreme event? Central clearing reduces counterparty risk, not eliminate it and the need for eligible collateral creates another systemic risk liquidity risk: How can regulators and the industry solve the remaining risks? As cross asset integration, enterprise-wide risk management, and real-time risk reporting are the current drivers, which technologies do the industry expect to transform front, middle and back processes Bill Hodgson Owner, The OTC Space Bill has a history of engagements in the market infrastructure space of the OTC Derivatives market. Working at banks, and with LCH.Clearnet on SwapClear, and at DTCC on the Trade Information Warehouse, Bill has contributed to strategic projects to improve and extend the processing of OTC products. Comfortable leading change programmes, providing busi [read more] Alex McDonald CEO, The Wholesale Markets Brokers’ Association Alex McDonald has been CEO of Wholesale Market Brokers Association (“WMBA”) since 2009. WMBA member firms are global Wholesale Market Brokers providing, inter-alia, OTC intermediation services in the cash and derivative Rate, Credit, Foreign Exchange, Equity and Commodity marketplaces. Our members collectively have a physical presence in all major financial capitals globally as well as many second [read more] David Murphy Derivatives and Financial Stability Expert, rivast consulting David Murphy is founder and principal of rivast consulting, a leading financial risk management and regulatory consulting firm. He specialises in financial stability issues, regulatory capital and risk management, and has published extensively on these topics.His prior roles include Global Head of Risk at ISDA, where he was responsible for all of ISDA’s activities relating to capital, risk managem [read more]

17:00 Chair’s closing remarks Chair’s closing remarks